About 10 years back I started consulting Forex traders. I helped my clients trade more responsibly and in a way that would make them money. Money management and risk were my two best things that I had to preach and preach down the throats of my beginner and advanced clients Many of them became successful traders, which makes me pretty happy.
About 5 years back I was sitting in my office. I was waiting for my client to come in for an appointment. It wasn’t anything special, just a simple consultation to see if I could help him on his path to financial freedom. This big burly man with a long black beard walks in. Looks sort of like a biker you would see on the movies and in real life.
I was thinking to myself, there is no way this guy is making money on the Forex. I introduced myself to him. His name was Anthony. As we got to know each other he started to explain to me his situation. He was a smart man from the beginning, Alumni from one of the prestigious colleges of the State. He was a business man. He was a thriving Forex trader.
This is very possible to do in itself. it does require patients and time in trading to be able to keep the trades profitable. The thing about this guy is that he never actually trades. He explained to me that all he did was after work, he goes online to check his Forex trades and is done within 5 minutes.
That is all he is required to do during the day. With the rest of his day, he spends it going traveling. He takes his bike and goes on long rides, cross country. Stops at a local McDonald’s or wi-fi location and just checks his account and off he goes doing what he wants to do.
I look at him with a blank stare when he said this and asked him, “There is a piece missing, there is no way you are making this amount of money and not trading.” He sits down with me and shows me on my computer his account and shows me a piece that I was missing.
This guy had an autopilot forex robot on the account that was trading for him. I say, “This can’t be. You can’t have a robot on here trading for you.” Yet he just looks at me with a big smile and says, “It’s working for me.” Truly amazing! This guy figured out a way to beat the system, he explained to me that all he had to do is set the risk and money management and allow the forex expert advisor to trade and that was all he had to do.
The reason he came to me is he wanted to know if what he was doing was going to continue making him money and for how long. To give a long story short, I didn’t have the answer. I didn’t even know what he was talking about. I mean having a robot trade for you, it just sounds out of this world. So I researched these robots.
I was familiar with programs that helped you use analytical analysis on the Forex graphs. This helped many investors get ahead to figure out the entrances and exits of the trades they need to make on Forex. What this robot did was take it to the next level and actually open these trades and close these trades!
I researched the legality of Forex robots and found nothing. There was nothing illegal about trading with robots. I researched how well these robots were running, I actually found a whole community of these people creating and testing and putting these robots in competitions. Some with amazing results that is rarely seen in human trading! I then started experimenting with these robots.
It is now 5 years later and now I am still consulting for Forex traders. I have a flow of money that comes in from these robots. I go on vacations when I want, I enjoy telling my clients that there is another approach that they can take to help them quit wasting their time analyzing graphs and do it the smart way and let these robots think for them!